Based on the binding agreement, Stellantis will get 35% of future production of battery-grade nickel sulphate and cobalt sulphate from Kuniko’s exploration projects in Norway, for nine years
has signed an offtake and equity investment agreement with Australia-listed Kuniko, the latest of a string of deals aiming to give the car maker stable supply of key materials for vehicle batteries.
Stellantis also agreed to buy new shares in Kuniko worth €5-million , giving it a 19.99 per cent stake in the company and the power to appoint one board member, they added. Stellantis’ Chief Purchasing and Supply Chain Officer Maxime Picat said the world’s third largest car maker by sales was on an “aggressive path” to securing raw materials needed to meet its electrification targets.
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